WHERE ARE THE 2021 UNICORNS TODAY? 60% ARE STUCK IN LIMBO, PER CARTA
A blunt reality check: many startups that soared to $1B valuations in 2021 haven't raised another round, sold, or shut down. They remain “unicorns” in name only—without big follow-on funding or traction. Some were acquired or got new investments, but most are stuck. This reminds today's founders that easy money doesn't last, and that real growth and solid business results matter more than inflated headlines.